UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
Creditrust Corporation
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(Name of Issuer)
Common Stock ($0.01 par value)
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(Title of Class of Securities)
255429-10-9
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(CUSIP Number)
August 5, 1998
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|_| Rule 13d-(c)
|X| Rule 13d-1(d)
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Page 1 of 4 Pages
<PAGE>
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CUSIP No.: 255-429-10-9 Page 2 of 4 Pages
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(1) NAME OF REPORTING PERSON: Joseph K. Rensin
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF (5) SOLE VOTING POWER
SHARES 5,191,289
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BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY N/A
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EACH (7) SOLE DISPOSITIVE POWER
REPORTING 5,191,289
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PERSON (8) SHARED DISPOSITIVE POWER
WITH N/A
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,191,289
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
65.0%
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(12) TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Item 1(a). Name of Issuer:
Creditrust Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
7000 Security Boulevard, Baltimore, Maryland 21244
Item 2(a). Name of Person Filing:
Joseph K. Rensin
Item 2(b). Address of Principal Business Office or, if None, Residence:
Mr. Rensin's principal business office is 7000 Security Boulevard,
Baltimore, Maryland 21244.
Item 2(c). Citizenship:
United States
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
255429-10-9
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or
13d-2(b) or (c):
Not applicable
Item 4. Ownership:
(a) Mr. Rensin has direct beneficial ownership of 5,191,289 shares of
Common Stock of Creditrust Corporation.
(b) The 5,191,289 shares of Common Stock beneficially owned by Mr. Rensin
represent 65.0% of the outstanding Common Stock, based upon 7,984,480
shares of Common Stock outstanding as of December 31, 1998.
Page 3 of 4 Pages
<PAGE>
(c) Mr. Rensin has sole voting and dispositive power with respect to the
5,191,289 shares beneficially owned by him.
Item 5. Ownership of Five Percent or Less of a Class:
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company:
Not applicable.
Item 8. Identification and Classification of Members of the Group:
Not applicable.
Item 9. Notice of Dissolution of Group:
Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 1, 1999 /s/ Josephn K. Rensin
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Joseph K. Rensin
Page 4 of 4 Pages
